Maxim Group is preparing to bring its first CDO to the market following the departure several months ago of its CDO group head Wing Chau. Maxim shelved its CDO group, Maxim Advisory, after Chau and several key staff members left. Now, under the name Maxim Capital Management, and with former Bear Stearns managing director Doug Jones at its head as president and chief investment officer, the team is preparing to emerge again as a regular CDO manager.

"We are going to start in the high-grade, then expand from there," Jones said. "Beyond that, we fully envision long-term adding additional product lines, such as CRE or CLO, if and when we find the right talent."

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